Dogechain is an Ethereum-compatible smart contract network built using Polygon Edge.
Dogechain Gains Momentum
Crypto’s original dog coin is back in vogue.
According to CoinGecko data, Dogecoin’s DOGE token is up 11.6% today, trading around $0.085 at press time. It briefly hit $0.088 before cooling off. The surge comes despite a downturn in Bitcoin, Ethereum, and the broader cryptocurrency market.
The biggest factor behind the rally is likely the growing momentum surrounding Dogechain. Marketed as a “Layer 2 for Dogecoin,” Dogechain is an Ethereum-compatible smart contract network developed using the Polygon Edge framework. Users need to bridge DOGE onto the network to access its applications, which has created buying pressure as momentum surrounding its launch builds. When users successfully move DOGE onto Dogechain, they receive a wrapped version of the token called wDOGE.
Dogechain went live earlier this month but has gained increasing attention from the market over the past few...
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